Wall St up as Fed hike fears fade
Wall Street climbed after comments by Federal Reserve Governor Lael Brainard bolstered bets rates would not be raised.
Wall Street climbed after comments by Federal Reserve Governor Lael Brainard bolstered bets rates would not be raised.
Investors could be in for a bumpy ride this week after fears about US interest rates sparked a return to volatility following a long period of market calm.
Stocks across the globe have fallen the most since June
Wall Street moved lower as slides in Nike and Apple shares outweighed a gain in energy stocks.
New Zealand shares fell as several large cap stocks gave up dividend rights, while insurer Tower dropped to a 12-year low.
Wall Street was mixed as investors tried to assess whether the US economy is growing at a pace that will warrant the Federal Reserve to raise interest rates.
Milford Funds, posted a 71 per cent decline in annual profit and incurred costs to introduce new processes in response to regulatory requirements.
Elon Musk's latest admonition to Tesla employees -- produce more, spend less -- is no simple belt-tightening before he asks investors for more cash. It also reflects Wall Street's schism about the health of the electric-car maker.
The New Zealand dollar surged to a 16-month high after prices rose at the latest GlobaldairyTrade auction.
Oil jumped before giving up some of the gains as a deal between key producers Saudia Arabia and Russia stopped short of offering an actual limit on output.
NEW VIDEO SHOW: Liam Dann talks to Pie Funds CEO Mike Taylor about what's driving the share market's long bull run.
New Zealand shares rose as offshore investors looking for yield were lured to the local bourse.
WATCH: In an exclusive interview S&P chief economist Paul Sheard talks about weird times in world finance - and how NZ is looking.
Simon O'Connor says consumers may not engage deeply with their KiwiSaver providers, but they expect that their KiwiSaver fund is being managed in a way that avoids doing harm.
New Zealand shares rose as investors reshuffled their portfolios following earnings season, with Warehouse Group and Ryman Healthcare up while Orion Health Group dropped.
Christopher Ashton was accused of using electronic chat rooms to manipulate currency pricing benchmarks.
The New Zealand dollar fell against a broadly stronger US dollar as commodity prices fell, US consumer confidence rose and Japan signalled
The New Zealand dollar rose as traders await economic data that may provide clues to the timing of US interest rate hikes after US
Twelve books that provide durable insights into the thrills and pitfalls of the financial markets.
The New Zealand dollar tumbled after Federal Reserve vice chairman Stanley Fischer indicated September was still a possibility for a rate hike.
Gold, silver and gems in the vaults of Malca-Amit in Singapore has jumped almost 90 per cent.
COMMENT: Janet Yellen defended the value and effectiveness of the current US monetary policy regime.
New Zealand shares rose, led by Ebos Group, Comvita and Spark New Zealand on optimism the earnings season is heralding a favourable outlook.
WATCH: What's driving up the dollar? Liam Dann talks to Alex Hill from NZ Forex and currency reporter Jamie Gray.
Wall Street moved lower ahead of Friday's speech by Federal Reserve Chair Janet Yellen who might offer clues on the timing for an
Wall Street gained overnight, pushing the Nasdaq to a record high, amid better-expected earnings such as for Best Buy and stronger-than-expected
The New Zealand dollar gave up some of its gains, dipping below 73 US cents, after Reserve Bank governor Graeme Wheeler backed his
Mercury, formerly known as Mighty River Power, has delivered a 2.3 percent lift in operating earnings and declared a special dividend.
The latest hawkish comments from a US Federal Reserve official weighed on equities and lifted the greenback.
The New Zealand dollar fell as Federal Reserve officials talked up the prospect of an interest rate hike this year which would sap